LEGALBackground
Thai senator floats 100% foreign ownership to end nominee businesses
A Thai senator has proposed allowing foreigners to own 100% of businesses they fully finance, arguing that current 49% caps encourage nominee structures and grey economy practices. The proposal also suggests investment thresholds could qualify foreigners for residency or citizenship. No legislation has been introduced yet, but the idea signals a potential shift in foreign business ownership rules.
Context — no action needed.